1624, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in September 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1624, MAG 318 Tower
What is 1624 worth today?
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Source: Dubai Land Department. Updated 2 June 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,043 sqft
- Floor
- 16th of 22
- Parking
- P1-98
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 24,100 /yr
- Last sold
- AED 1.73M · September 2020
- Building
- MAG 318 Tower
About 1624, MAG 318 Tower
1624 is a two-bedroom apartment of 1,043 sqft on the 16th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 7 September 2020 for AED 1,725,750, or AED 1,654 per sqft, 11% below the AED 1,860 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, signed on 2 June 2026, is AED 160,000 a year: a gross yield of 9.3% on the 2020 price, before the service charge of about AED 24,100 a year.
Sales and rents for 1624 over time
1624 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in MAG 318 Tower, and where 1624 sits
All 75 2-beds →1624 last sold in September 2020 at AED 1,654 per sqft, 11% below what two-beds in MAG 318 Tower were fetching at the time (AED 1,860). Over the last 12 months two-beds sold for AED 2,000,000 to 2,800,000, around AED 2,068 per sqft, and rent for AED 85,000 to 166,000 a year. 1624's AED 160,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Sep 202616 September 2026 | 967 sqft | 2,000,000 | 2,069 | ||
| 14 Sep 202614 September 2026 | 1,602 sqft | 2,800,000 | 1,747 | ||
| 12 Feb 202612 February 2026 | 967 sqft | 2,000,000 | 2,068 | ||
| 29 Aug 202529 August 2025 | 1,043 sqft | 2,250,000 | 2,156 |
MAG 318 Tower
Building439 apartments, studios to 2-bed over 22 floors in Business Bay, completed in 2020 by MAG. 27 sold in the last 12 months.
- Typical price per sqft
- AED 2,286 Down 5.7%
- Typical sale
- AED 1.08M
- Typical rent
- AED 79K /yr
- Typical yield
- 6.1%
Other units on the 16th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 819 sqft | AED 1.46MAED 1,457,820 · Sep 2021September 2021 | 100,000 /yr | |
| 1602 | 2-bed | 967 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 160,000 /yr | |
| 1603 | Studio | 438 sqft | AED 905KAED 905,000 · Dec 2022December 2022 | 100,000 /yr | |
| 1604 | Studio | 433 sqft | AED 990KAED 990,000 · Jul 2026July 2026 | ||
| 1605 | Studio | 432 sqft | AED 950KAED 950,000 · Mar 2023March 2023 | 80,000 /yr | |
| 1606 | Studio | 433 sqft | AED 793KAED 792,893 · Jan 2019January 2019 | 60,000 /yr | |
| 1607 | Studio | 432 sqft | AED 760KAED 760,000 · Feb 2022February 2022 | 80,000 /yr | |
| 1608 | Studio | 433 sqft | AED 749KAED 749,000 · Aug 2018August 2018 | 72,000 /yr | |
| 1609 | Studio | 433 sqft | AED 930KAED 930,000 · Jul 2022July 2022 | 52,500 /yr | |
| 1610 | Studio | 432 sqft | AED 1.1MAED 1,100,000 · Jul 2024July 2024 | 75,000 /yr | |
| 1611 | Studio | 436 sqft | AED 776KAED 776,165 · Dec 2017December 2017 | 67,472 /yr | |
| 1612 | 2-bed | 966 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 150,000 /yr | |
| 1613 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 134,254 /yr | |
| 1614 | 2-bed | 1,045 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 140,000 /yr | |
| 1615 | Studio | 444 sqft | AED 792KAED 791,701 · Apr 2019April 2019 | 75,000 /yr | |
| 1616 | Studio | 440 sqft | AED 800KAED 800,392 · May 2019May 2019 | 80,000 /yr | |
| 1617 | Studio | 441 sqft | AED 758KAED 758,200 · Apr 2019April 2019 | 65,000 /yr | |
| 1618 | Studio | 441 sqft | AED 792KAED 792,257 · Sep 2018September 2018 | 78,000 /yr | |
| 1619 | Studio | 440 sqft | AED 808KAED 807,589 · Jan 2018January 2018 | 65,000 /yr | |
| 1620 | Studio | 441 sqft | AED 840KAED 840,000 · Apr 2022April 2022 | 70,000 /yr | |
| 1621 | Studio | 440 sqft | AED 953KAED 953,000 · Jul 2023July 2023 | 52,000 /yr | |
| 1622 | Studio | 441 sqft | AED 792KAED 792,257 · May 2018May 2018 | 56,000 /yr | |
| 1623 | Studio | 446 sqft | AED 850KAED 850,000 · Aug 2022August 2022 |
1624, MAG 318 Tower in numbers
- Sold once: by MAG on 7 September 2020 for AED 1,725,750, or AED 1,654 per sqft.
- Rented since September 2021 on 7 Ejari contracts. The rent fell from AED 105,000 to AED 83,000 in 2025 and recovered to AED 160,000 by June 2026.
- At AED 160,000 a year the gross yield on the 2020 price is 9.3%, before a service charge of about AED 24,100 a year (AED 23.06 per sqft).
- Two-beds in MAG 318 Tower sold for AED 2,000,000–2,800,000 in the 12 months to November 2026; the building's median across all types is AED 2,286 per sqft.
Source: Dubai Land Department. Updated 2 June 2026.
Questions about 1624, MAG 318 Tower
What did unit 1624 last sell for?
AED 1,725,750 on 7 September 2020, sold by the developer: AED 1,654 per sqft for 1,043 sqft. It is the only registered sale of the unit.
What is the rent for unit 1624?
AED 160,000 a year on the contract signed on 2 June 2026. The previous contract, from March 2025, was AED 135,000; the unit has been rented since September 2021.
How big is unit 1624?
1,043 sqft (96.9 sqm): a two-bedroom apartment on the 16th floor of a 22-storey tower completed in 2020.
What is unit 1624 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 318 Tower sold for AED 2,000,000 to 2,800,000 in the last 12 months, around AED 2,068 per sqft.
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Mortgage on 1624, MAG 318 Tower
Starts from the last sale price (AED 1.73M, 7 September 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,725,750
- Deposit, UAE resident (20%)
- AED 345,150
- Deposit, non-resident (40%)
- AED 690,300
- Monthly over 25 years at 3.7%
- AED 7,061
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →